HOUSTON - (05/04/06) -- TRE Financial Services, whichprovides tax software and electronic filing services for creditunions, said it has introduced a short-term lending solution thatwill provide a quick turn-around time for credit unions offeringpayday and other short-term loans. TurboCash provides quick loanprocessing and tracking and can be quickly integrated into a creditunion's portfolio of member services. The product is geared towardthe growing market for payday loans being offered by creditunions.
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Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
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Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
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Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.
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Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
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Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
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